India sees illicit fund outflows of $128 bn in 2000-09 period: Ranked 15 globally

Discussion in 'Economy & Infrastructure' started by ejazr, Dec 21, 2011.

  1. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

    Joined:
    Oct 8, 2009
    Messages:
    4,518
    Likes Received:
    1,378
    Location:
    Hyderabad and Sydney
    India sees illicit fund outflows of $128 bn in 2000-09 period - India News - IBNLive


    The top 20 for the period 2000-2009 are

    China ............................................. $2.74 trillion
    Mexico ............................................ $504 billion
    Russia ............................................ $501 billion
    Saudi Arabia ................................. $380 billion
    Malaysia ........................................ $350 billion
    United Arab Emirates................... $296 billion
    Kuwait ............................................ $271 billion
    Nigeria ........................................... $182 billion
    Venezuela ..................................... $179 billion
    Qatar .............................................. $175 billion
    Poland ............................................ $162 billion
    Indonesia ....................................... $145 billion
    Philippines .................................... $142 billion
    Kazakhstan ................................... $131 billion
    India ................................................ $128 billion
    Chile .............................................. $97.5 billion
    Ukraine ......................................... $95.8 billion
    Argentina ...................................... $95.8 billion
    South Africa .................................. $85.5 billion
    Turkey............................................ $79.1 billion


    Interestingly, it seems that India has improved in cutting its outflow because they are not even in the top 20 for 2009 despite being such a large economy
    China ............................................. $291 billion
    Saudi Arabia ................................. $82.3 billion
    Poland ........................................... $66.3 billion
    Malaysia ....................................... $46.8 billion
    Mexico .......................................... $34.6 billion
    Nigeria ......................................... $33.4 billion
    Russia ........................................... $23.4 billion
    Indonesia ...................................... $20.5 billion
    United Arab Emirates .................. $19.5 billion
    Venezuela ..................................... $18.8 billion
    Iran .............................................. $18.1 billion
    Azerbaijan .................................... $14.3 billion
    Chile ............................................. $13.1 billion
    South Africa ................................. $12.9 billion
    Vietnam ....................................... $12.5 billion
    Philippines .................................... $12.1 billion
    Argentina ..................................... $11.7 billion
    Thailand ....................................... $10.8 billion
    Romania ...................................... $10.0 billion
    Ukraine ........................................ $9.8 billion

    In otherwords, if any illegal financial outflows took place in India, it must have been below US $ 9.8B and comparing that with comparable economies like China, Russia, Indonesia, that is quite good.

    Source: Global Financial Integrity - Despite Global Financial Crisis, Illicit Financial Outflows from Developing World Remain High
     
  2.  

Share This Page